He wants to take advantage of the good climate, good soil for this cultivation, and also take advantage of his experience for several years working with basic grains. Also he wants to be able to buy the best products of the best quality so that his plantation has a good crop, have a healthy suitable crop, and to have a short-term important production.
With the income from the crops he hopes to be able to use it for the well-being and studies of his family. He hopes to accomplish some family goals and continue to invest in more crops.
This is the first loan that he has received from Fudecosur. He has not had loans before, but Fudecosur has provided the loan with greater ease and much lower interest rates.
More information about this loan
FUDECOSUR works in one of the poorest regions of Costa Rica, where microfinance institutions (MFIs) are scarce or have a hard time keeping up with demand for small loans. By providing mostly agricultural loans, FUDECOSUR reaches rural borrowers that many MFIs consider to be too risky. However, this has also made it more difficult for the organization to find stable sources of capital to lend. Kiva's flexible, risk-tolerant capital plays a critical role in helping FUDECOSUR grow its portfolio and support even more borrowers.
About FUDECOSUR:The Foundation for the Development of Southern Communities (FUDECOSUR) is dedicated to economically empowering its clients by providing credit and training programs that help improve living conditions for micro-entrepreneurs and their children across Southern Costa Rica. You can learn more about this Field Partner at fudecosur.org.
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